Joaquin A. Castrillo-Salgado - Mar 7, 2024 Form 4 Insider Report for EVERTEC, Inc. (EVTC)

Role: EVP & CFO
Signature: /s/Belmary Rivera-Alvarez by Power of Attorney
Stock symbol: EVTC
Transactions as of: Mar 7, 2024
Transactions value $: $944,561
Form type: 4
Date filed: 3/11/2024, 06:07 PM
Previous filing: Mar 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EVTC	Common Stock	Award	$1.16M	+31.3K	+40.24%	$36.92	109K	Mar 7, 2024	Direct	F1
transaction	EVTC	Common Stock	Tax liability	-$212K	-5.75K	-5.27%	$36.92	103K	Mar 7, 2024	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of fully vested stock issued as a result of the vesting of performance-based restricted stock units ("RSUs") which were originally granted on March 2, 2021, and were earned based on the Issuer's achievement of an adjusted EBITDA target for 2021, subject to a total shareholder return modifier over a three-year performance period.
F2	Reflects shares of common stock withheld by the Issuer to pay the tax liability of the Reporting Person as follows: (i) 1,863 shares withheld in connection with the vesting of RSUs granted on March 2, 2021; (ii) 1,761 shares withheld in connection with the vesting of RSUs granted on February 25, 2022; and (iii) 2,128 shares withheld in connection with the vesting of RSUs granted on February 24, 2023.

Content

Represents shares of fully vested stock issued as a result of the vesting of performance-based restricted stock units ("RSUs") which were originally granted on March 2, 2021, and were earned based on the Issuer's achievement of an adjusted EBITDA target for 2021, subject to a total shareholder return modifier over a three-year performance period.

Reflects shares of common stock withheld by the Issuer to pay the tax liability of the Reporting Person as follows: (i) 1,863 shares withheld in connection with the vesting of RSUs granted on March 2, 2021; (ii) 1,761 shares withheld in connection with the vesting of RSUs granted on February 25, 2022; and (iii) 2,128 shares withheld in connection with the vesting of RSUs granted on February 24, 2023.